Y Intercept Hong Kong Ltd Sells 633,998 Shares of Nu Holdings Ltd. $NU

Y Intercept Hong Kong Ltd reduced its holdings in Nu Holdings Ltd. (NYSE:NU) by 27.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,685,645 shares of the company’s stock after selling 633,998 shares during the period. NU makes up about 0.6% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 6th largest position. Y Intercept Hong Kong Ltd’s holdings in NU were worth $26,987,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NU. Wealth Enhancement Advisory Services LLC increased its position in NU by 17.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 332,384 shares of the company’s stock worth $4,520,000 after acquiring an additional 50,067 shares during the period. Park Avenue Securities LLC grew its position in NU by 34.2% in the 2nd quarter. Park Avenue Securities LLC now owns 38,653 shares of the company’s stock worth $530,000 after purchasing an additional 9,840 shares during the last quarter. GAMMA Investing LLC grew its position in NU by 38.4% in the 2nd quarter. GAMMA Investing LLC now owns 9,755 shares of the company’s stock worth $134,000 after purchasing an additional 2,705 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of NU by 36.1% during the 2nd quarter. Ballentine Partners LLC now owns 18,248 shares of the company’s stock worth $250,000 after purchasing an additional 4,843 shares during the period. Finally, Perigon Wealth Management LLC raised its position in shares of NU by 36.6% during the second quarter. Perigon Wealth Management LLC now owns 19,996 shares of the company’s stock valued at $274,000 after buying an additional 5,355 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

NU Stock Performance

NYSE:NU opened at $18.03 on Friday. The firm has a market capitalization of $86.89 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 0.59 and a beta of 1.08. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.37. The firm has a 50-day moving average price of $16.81 and a 200 day moving average price of $15.34.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $3.96 billion. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Susquehanna upped their price target on NU from $17.00 to $19.00 and gave the company a “positive” rating in a report on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. KeyCorp boosted their price objective on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $21.00 target price on shares of NU in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, NU currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.04.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.